Nabors Industries (NYSE:NBR - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of ($1.86) per share and revenue of $739.35 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
Nabors Industries Stock Performance
Shares of NYSE NBR traded down $2.19 during midday trading on Friday, reaching $52.13. The company had a trading volume of 321,724 shares, compared to its average volume of 237,536. The business's 50-day simple moving average is $61.43 and its 200 day simple moving average is $71.17. The stock has a market cap of $558.28 million, a P/E ratio of -2.83 and a beta of 2.02. Nabors Industries has a 1 year low of $50.15 and a 1 year high of $105.96. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.43.
Wall Street Analyst Weigh In
NBR has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Barclays reduced their target price on shares of Nabors Industries from $110.00 to $88.00 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Citigroup raised their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Susquehanna reduced their target price on shares of Nabors Industries from $79.00 to $77.00 and set a "neutral" rating for the company in a report on Thursday, October 24th. Finally, Evercore ISI reduced their target price on shares of Nabors Industries from $94.00 to $85.00 and set an "in-line" rating for the company in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nabors Industries has an average rating of "Hold" and an average target price of $97.00.
Read Our Latest Research Report on Nabors Industries
About Nabors Industries
(
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Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.
Further Reading
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